Research on Environmental Accounting Information Disclosure Mechanism Driven by Blockchain Technology

Abstract

This paper, based on the case study method, focuses on three typical practices of A Company (new energy manufacturing), B Group (petrochemical industry), and C Financial Institution (green finance), systematically discusses the construction path and application effectiveness of the environmental accounting information disclosure mechanism driven by blockchain technology. The study first reviews the three core technical characteristics of blockchain's decentralized ledger, encrypted record-keeping, and smart contracts, proposing a "blockchain-driven environmental accounting information disclosure" theoretical framework. The research findings are: firstly, blockchain technology significantly enhances the authenticity, completeness, and traceability of environmental data, with the consistency and reliability of disclosures improving by an average of over 80%; secondly, the automated disclosure process of smart contracts compresses the report preparation cycle by more than 70%, reduces financing costs by 15%, and significantly enhances regulatory efficiency and investor confidence; thirdly, the multi-party consensus mechanism and dynamic permission control help balance data privacy and sharing needs, promoting collaborative supervision among regulatory agencies, auditing institutions, and investors.